Start Bank: $198,00
Mr. Kelly's Bank: $178,64 (+793,20% profit)
Mr.Kelly's Start Bank: $20,00
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Mr. Kelly hit a high of $261,77 (a staggering +1208,85% profit of his original bank)yesterday, before hitting a few losers and falling back. His bets yesterday were as follows:
Runner Stake Odds Liability Result
Hes So Cool $17,45 2,28 $22,34 $17,45
Appeal Denied $12,90 4 $38,70 $12,90
Musharakaat $13,86 3,5 $34,65 $13,86
Baraathen $16,97 2,9 $32,24 -$32,24
Ginzan $15,08 2,39 $20,96 $15,08
Dirar $20,40 3,65 $34,13 $20,40
Meydan Style $28,14 1,83 $23,36 $28,14
Jenari $17,15 3,9 $49,74 -$49,74
Silver Adonis $13,62 3,45 $33,39 -$33,39
So, you can see that Mr. Kelly enjoys betting using 10-20% of his bank as a maximum liability, but that drops to under 10% if he lays horses with lower odds. Why would that be? Well, remeber that Mr.Kelly doesn't care about a single, particular bet so much as he cares about the long-run...the overall increase in his bank. By laying more of his bank against long shots, he can increase his bank more quickly by re-investing those winnings in the next race...building his bank through compounding his profits and using the winnings to prodice even greater winnings. Ask Warren Buffet if compounding profits works very well!
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My investment demon has a value of $684,07 this week, which is $22,97 more than I paid in:
Units Value USD Fund % Model %
Stocks 3,782208 $335,18 49,00% 50,00%
Bonds 3,512787 $337,07 49,27% 50,00%
Cash $11,81
$684,07
When I reach another bank high ($1363) I will add more from Betfair profits.
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